Morocco Investment: Economy
If you plan to buy in Morocco, the country's economic situation needs consideration. A glance at Morocco's recent economic performance shows promising signs for property investment in Morocco. Recent major reforms of Morocco's economy have brought positive results - GDP growth was 6.5% in 2006 and similar figures are forecast for Morocco for the near future.
Foreign investment is encouraged, including Morocco property investment. Foreign direct investment is on the increase in Morocco and the country has recently done much to facilitate trade with the EU and the United States. Morocco has also introduced financial reforms aimed at improving credit availability, an essential factor when investing in Morocco property.
Morocco Investment: Tourism Potential
Tourism has fast become a vital sector of Morocco's economy and the Moroccan government is keen to promote Morocco internationally. The government has prioritised investment in infrastructure related to tourism. The ‘Azure Plan and Vision 2010' aims to increase tourist numbers to Morocco by investing in transportation, facilities and services - an added advantage to Morocco property investment. Visitor figures to Morocco increased by a massive 43% in the first 6 months of 2007, with Marrakech seeing a rise of 12%. This is a very promising sign for those planning to invest in Marrakech land and property.
Morocco Investment: Property Market
With Marrakech properties at its forefront, the Morocco property market is currently booming. Property investment in Morocco has grown spectacularly over the last few years with the Morocco real estate market experiencing an increase of 75% since 2001. Dubai and European developers are currently investing in Morocco - new development in Marrakech is one of their focal points - and there is also a booming property market for luxury Morocco homes.
